Vinyl Records Market- Roadmap for Recovery from COVID-19 | Promotional Activities to Boost the Market Growth | Technavio

Technavio has announced its latest market research report titled Global Vinyl Records Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the vinyl records market and it is poised to grow by USD 337.21 mn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?
    The cultural, classic, and contemporary feel of vinyl records is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 6.67% and the incremental growth of the market is anticipated to be $ 337.21 mn.
  • Who are the top players in the market?
    GZ Media AS, Implant Media Pty Ltd., MPO Group, optimal media GmbH, PrimeDisc International Ltd., R.A.N.D MUZIK, Rainbo Records, Record Industry, Schallplattenfabrik Pallas GmbH, and United Record Pressing., are some of the major market participants.
  • What is the key market driver?
    The promotional activities will offer immense is one of the major factors driving the market.
  • How big is the APAC market?
    The APAC region will contribute 29% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. GZ Media AS, Implant Media Pty Ltd., MPO Group, optimal media GmbH, PrimeDisc International Ltd., R.A.N.D MUZIK, Rainbo Records, Record Industry, Schallplattenfabrik Pallas GmbH, and United Record Pressing are some of the major market participants. The promotional activities will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Vinyl Records Market 2020-2024: Segmentation

Vinyl Records Market is segmented as below:

  • Product
    • LP/EP Vinyl Records
    • Single Vinyl Records
  • Distribution channel
    • Independent Stores
    • Online Retail Channels
    • Supermarkets/department Stores
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40983

Vinyl Records Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The vinyl records market report covers the following areas:

  • Vinyl Records Market Size
  • Vinyl Records Market Trends
  • Vinyl Records Market Industry Analysis

This study identifies the cultural, classic, and contemporary feel of vinyl records as one of the prime reasons driving the vinyl records market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Vinyl Records Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist vinyl records market growth during the next five years
  • Estimation of the vinyl records market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the vinyl records market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vinyl records market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • LP/EP vinyl records - Market size and forecast 2019-2024
  • Single vinyl records - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • GZ Media AS
  • Implant Media Pty Ltd.
  • MPO Group
  • optimal media GmbH
  • PrimeDisc International Ltd.
  • R.A.N.D MUZIK
  • Rainbo Records
  • Record Industry
  • Schallplattenfabrik Pallas GmbH
  • United Record Pressing

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Vinyl Records Market will grow by USD 337.21 mn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/